New York Fed's Foreign Exchange Operations Report

According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for July-September 2005, the U.S. monetary authorities did not intervene in the foreign exchange markets during the quarter.

During the three months that ended September 30, 2005, the dollar appreciated approximately 0.7 percent against the euro and 2.3 percent against the yen. In this period, the dollar's trade-weighted exchange value declined by 1.1 percent, as measured

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